Genesis Energy, L.P. (NYSE:GEL) Insider Purchases $12,950.00 in Stock

Genesis Energy, L.P. (NYSE:GEL) insider Ryan S. Sims bought 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $12.95 per share, for a total transaction of $12,950.00. Following the acquisition, the insider now directly owns 23,500 shares of the company’s stock, valued at approximately $304,325. This represents a 4.44 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Genesis Energy Price Performance

Shares of NYSE GEL opened at $13.24 on Monday. The firm’s 50 day simple moving average is $11.46 and its 200-day simple moving average is $11.87. Genesis Energy, L.P. has a 12 month low of $9.86 and a 12 month high of $15.17. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -10.67 and a beta of 1.92. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings results on Thursday, February 13th. The pipeline company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%. The company had revenue of $725.55 million for the quarter.

Genesis Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Friday, January 31st. Genesis Energy’s dividend payout ratio is presently -53.23%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price target on shares of Genesis Energy from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th.

Hedge Funds Weigh In On Genesis Energy

A number of institutional investors and hedge funds have recently made changes to their positions in GEL. Millburn Ridgefield Corp acquired a new position in shares of Genesis Energy during the third quarter worth about $59,000. F M Investments LLC acquired a new position in Genesis Energy in the fourth quarter valued at approximately $122,000. Ameriprise Financial Inc. acquired a new position in Genesis Energy in the fourth quarter valued at approximately $126,000. Stifel Financial Corp boosted its holdings in Genesis Energy by 10.8% in the third quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock valued at $250,000 after purchasing an additional 1,819 shares in the last quarter. Finally, Mutual Advisors LLC boosted its holdings in Genesis Energy by 101.8% in the fourth quarter. Mutual Advisors LLC now owns 31,912 shares of the pipeline company’s stock valued at $341,000 after purchasing an additional 16,099 shares in the last quarter. 66.82% of the stock is owned by institutional investors and hedge funds.

About Genesis Energy

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.